Retail Frenzy Lifts Three of Asia’s Top-Performing Stock Markets
- Individual traders play huge role in Vietnam, Taiwan and Korea
- Retail traders will continue to be an important force: Yang
This article is for subscribers only.
Three of Asia’s best-performing stock markets this year are also ones where individual investors are playing out-sized roles, underscoring the growing influence of retail traders around the world.
Nowhere is this more apparent than in Vietnam, where individuals account for about 90% of turnover and the VN Index has surged 20% in 2021, the most among major benchmarks in the region. Not far behind are tech powerhouses South Korea and Taiwan, where equity indexes have gained more than 10%. Retail traders are responsible for about 75% of transactions in Korea and around 70% of the turnover in Taiwan.